Barcelona, Spain - February 27, 2013:
Wipro Technologies, the Global Information Technology, Consulting and Outsourcing business of Wipro Limited (NYSE: WIT) and Axeda Corporation, the leading provider of cloud-based service and software for managing connected products and delivering machine-to-machine (M2M) applications, today announced a strategic alliance. Together, Wipro and Axeda will provide services and end-to-end solutions to help organizations connect with any asset, leverage machine data to enhance business processes and develop new innovative enterprise applications.
The Axeda Machine Cloud is a cloud-based service for managing connected assets and implementing innovative M2M applications. It facilitates rapid M2M application development and includes out-of-the-box device and asset management applications to reduce the cost and complexity of implementing M2M solutions. When coupled with Wipro's development services, system integration, industry expertise and global presence, organizations now have access to best of breed capabilities that enable them to evolve from basic machine monitoring and service to the most advanced levels of machine data integration in the enterprise, and connected product optimization and differentiation.
Benefits of the Wipro - Axeda Solution include:
"The market needs a comprehensive solution provider with global reach that can provide a horizontal M2M platform with vertical industry offerings," said Ayan Mukerji, Senior Vice President and Global Head, Media and Telecom, Wipro Technologies. "Our clients engage with us for strategic guidance on how to get their respective organizations connected, and then what to do with the data, once they are connected. Our alliance with Axeda ensures that organizations in every geographic region, serving a variety of vertical industries, have the ability to launch a M2M offering that is easier, faster and significantly more cost effective than creating their own."
"One of the most valuable uses of real-time machine data is detailed predictive analytics," said Jack Sweeney, chief executive officer at Axeda. "Wipro brings extensive capabilities in Big Data analytics across a variety of verticals including telecommunications and media, healthcare, energy and utilities and manufacturing. The combination of real-time machine data from Axeda with Wipro's analytics will help our joint customers make better decisions that foster better outcomes."
"Yankee Group has long held the belief that strong industry partnerships such as this can act as a major catalyst to unlocking the transformational power of machine to machine data communications," said Brian Partridge, vice president of research at Yankee Group. "At the intersection where enterprise M2M applications, enabling platforms, and real-time analytics meet is one of the most promising, but yet untapped, areas in the market today. Solutions that can unlock that value hold the potential to be game changing for enterprise customers seeking to increase revenues, improve efficiency, and/or enhance customer experience by adding M2M to their business operations. Assuming excellent strategic partner collaboration and execution between Wipro and Axeda, customers stand to benefit from the combined competencies and experience two of the early leaders in M2M can bring to the table."
The Wipro and Axeda portfolio was built and tested in Wipro's state-of-the-art M2M Center of Excellence in Bangalore. Reference applications are being showcased today at Mobile World Congress in Barcelona. To learn more, please visit us in Hall 7, Booth 7C94 or visit www.wipro.com/mwc-2013/wipro@mwc.html
About Wipro Technologies
Wipro Technologies, the global IT business of Wipro Limited (NYSE:WIT) is a leading Information Technology, Consulting and Outsourcing company, that delivers solutions to enable its clients do business better. Wipro Technologies delivers winning business outcomes through its deep industry experience and a 360 degree view of "Business through Technology" - helping clients create successful and adaptive businesses. A company recognized globally for its comprehensive portfolio of services, a practitioner's approach to delivering innovation and an organization wide commitment to sustainability, Wipro Technologies has over 140,000 employees and clients across 54 countries. For more information, please visit www.wipro.com
About Axeda
Axeda provides the leading cloud-based service and software for managing connected products and implementing innovative M2M applications - significantly reducing the cost and complexity of connecting and remotely servicing the products of the world's leading companies. Axeda customers use its M2M application enablement platform to deliver innovative M2M solutions and optimize their business processes with data from their connected products.
By relying on the Axeda® Platform to power their connected products, companies are transformg their business by improving customer satisfaction, reducing costs, and generating new sources of revenue. The M2M solutions behind these connected products range from remote service, fleet management, usage-based ininsurance, asset tracking, mHealth, and more. Join our developer community at: http://developer.axeda.com and learn more at www.axeda.com.
Media Inquiries:
Marc Jacobson
+1 617-819-4256
marc.jacobson@wipro.com
Forward-looking and Cautionary Statements
Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property, and general economic conditions affecting our business and industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company's filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.
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